The following is a summary of the Dollarama Inc. (DLMAF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Dollarama reported a 24% growth in EBITDA and a 31% increase in EPS for Q3 2024.

• The company achieved double-digit Same Store Sales (SSS) growth for the sixth consecutive quarter.

• The SSS growth in Q3 was 11.1%, surpassing last year's growth of 10.8%.

• Gross margin for Q3 was 45.4% of sales, helped by reduced logistics and container costs.

• EBITDA for Q3 grew by 24% to $478.8 million or 32.4% of sales.

• Dividend net earnings per share increased by 31.4% to $0.92.

• Dollarama repurchased over 1.7 million shares for $166 million during Q3.

Business Progress:

• Dollarama opened 55 new stores, bringing the total store count to 1,541.

• Dollarcity, in partnership with Dollarama, opened its 500th store and continues strong market performance.

• The company plans to retain and strengthen its value in consumer habits through superior procurement, logistics, and merchandising.

• Dollarama intends to offer the best relative and year-round value across its product range in future quarters.

• The company anticipates a continuation of SSS normalization based on their data trends.

• Dollarama finalized a $500 million bond offering to pay off maturing notes.

• The company remains active in its share repurchase program and plans to maintain an active capital structure management strategy.

More detailed: DOLLARAMA INC IR

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